Shanghai continues to be seriously interested in the metaverse. The city authorities announced that they are going to create a fund for ¥ 10 billion ($ 1.49 billion), the money from which will go to the development of the metaverse direction. They hope that thanks to the financing, Shanghai companies will launch at least 100 “benchmark-level products and services” by 2025.

According to GameLook, the South Korean “daughters” of Tencent and miHoYo have decided to officially join the local gaming association. If their applications are approved, the companies will become one of the few foreign members.

The SteamDB service shared data on which projects earned the most in the Valve store for the 27th week of the year. Let’s see who got into the fresh chart.

We are publishing a new list with gaming vacancies. This week, they are wanted: a game designer at Funky Monkey Studio, a data analyst at Hypercell Games and a newsman for a blockchain project at WN Media Group.

For more than two weeks, Game Insight has refused to pay laid-off employees a salary for the last working month. They are also denied compensation, and they also demand to return the equipment (at their own expense). About what is happening, editors App2Top.ru the company’s employees told us.

Since July 1, the new owner of Wargaming assets in Belarus (Game Stream LLC) and in Russia (Lesta LLC) has now become the former CEO of the latter.

The South African Film and Publication Council, which is responsible for the classification and regulation of media content in the country, has tightened recommendations regarding the interaction of children with games.

This is due to their “limited representation on the market.” But the demand (in pieces) for video cards increased by 10%.

Major Russian gaming companies, including VK, are currently negotiating with the Ministry of Digital Development about the possibility of allocating state funding for the development of a domestic game engine.

Another action franchise will get a separate mobile game. It will be The Division Resurgence from Ubisoft, which will be released on iOS and Android.

Riot Games has announced an increase in prices for in-game currency in League of Legends and Teamfight Tactics. The company attributes this to global economic shifts due to “global inflation, currency fluctuations and rising associated costs.”

Analysts continue to talk about a slight drop in the gaming market. NPD Group predicts that the spending of American users on video games in 2022 will amount to approximately $55.5 billion — 8.7% less in annual terms.

Mediatonic studio reported on the success of Fall Guys after the transfer of the title to a fritupley model. Despite the wave of criticism from old players caused by this decision, 50 million people played the project in just two weeks.

Details of the hacking of the blockchain at the heart of Axie Infinity, which led to the theft of $625 million worth of cryptocurrencies, have become known. It turned out that it was all the fault of the carelessness of one employee who responded to a fake vacancy.

Magic Tavern Studio has signed an agreement with Flexion Mobile, which provides services for the distribution of free-play games on Android. Thus, the company wants to release its Matchington Mansion title outside the Play Store.

CD Projekt continues to develop the Witcher universe. The studio’s new project is a single card game Gwent: Rogue Mage with elements of roguelike. It was previously known as Project Golden Nekker.

New details have emerged on the criminal case of the creation and sale of video game cheats. This is the first such case in Russian practice.

On July 6, the Competition and Markets Authority (CMA) of the United Kingdom notified Microsoft and Activision Blizzard of the launch of an investigation into the companies. The regulator intends to find out whether the $68.7 billion deal will have a negative impact on the gaming market.